Render

bullish

Injective

Polygon

Coin

<ul class="wp-block-list news-points">
 <li>INJ, MATIC, and RENDER whales are moving their tokens to cold wallets.</li>
 <li>Santiment data shows that the altcoins are bullish in the short and long terms.</li>
 <li>While INJ and RENDER have printed significant gains this cycle, MATIC has yet to catch up.</li>
</ul>
Injective (INJ), Polygon (MATIC), and Render (RENDER) are showing promising signs for both short- and long-term growth, according to blockchain analytics platform, Santiment. The platform observed that whale wallets are moving their holdings of these altcoins from exchange wallets to cold storage, pointing to a bullish outlook.&nbsp;
Santiment <a href="https://x.com/santimentfeed/status/1835753984323182888" target="_blank" rel="noopener noreferrer nofollow">highlighted on X </a>(formerly Twitter) that INJ, MATIC, and RENDER are “among several that saw plenty of price anomalies after whale exchange wallet supply suddenly shifted to whale cold wallet supply.” These price fluctuations, they noted, present “fantastic” opportunities for both short- and long-term traders.
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 <figure class="aligncenter size-full"><img decoding="async" width="512" height="348" src="https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944.png" alt="" class="wp-image-499662" srcset="https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944.png 512w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-300x204.png 300w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-380x258.png 380w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-131x89.png 131w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-363x247.png 363w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-353x240.png 353w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-243x165.png 243w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-310x211.png 310w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-103x70.png 103w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-2024-09-17T140048.944-110x75.png 110w" sizes="(max-width: 512px) 100vw, 512px">
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A chart shared by Santiment illustrated this trend. INJ whales initiated a substantial transfer of tokens to cold storage on August 21, 2023, and have continued to do so gradually. Similarly, RENDER whales moved a significant amount of tokens to cold wallets on July 21. On Sep…
The post <a href="https://coinedition.com/santiment-whale-activity-hints-at-price-surge-for-inj-matic-render/" rel="noopener noreferrer nofollow">Santiment: Whale Activity Hints at Price Surge for INJ, MATIC, RENDER</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Santiment: Whale Activity Hints at Price Surge for INJ, MATIC, RENDER

Coin Edition

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